Economic

The Central Bank yesterday said it was in the process of drafting a law for regulating moneylenders to protect customers but called on the public to be careful of money lenders and to do due diligence before agreeing to any loans in the meantime.

The Hambantota International Port (HIP) had a busy week with six RORO ships calling at the port, discharging 18,288 vehicles from which 16,830 were for transshipment and 1,458 were for local agencies.

The government will be implementing a tax Policy framework with a view to creating a simple, transparent and efficient tax system, Finance Ministry announced.

රජයේ ණය ප්‍රමාණය එන්න එන්නම ඉහළ ගියත් ආදායම්ද සමාන්තරව ඉහළ යන්නේ නම් ප්‍රශ්නයක් නැතැයි ඇතැම් අය කියනවා. ඒ කතාවේ අඩුපාඩු තිබුණත් කතාවට පදනමක් තිබෙන නිසා අඩුපාඩු ගැන කතා කිරීම පසුවට තබා ආදායම් වැඩි වීම ගැන මුලින් කතා කරමු.

මේ වනවිට වෙළඳපොලේ සහල් මිල සීඝ්‍රයෙන් ඉහළ යාම නිසා දිවයින පුරා පාරිභෝගිකයින් අපහසුතාවට පත්ව සිටින බව වාර්තා වේ.

The Government has called for reports from all public and private banks to evaluate microfinance loans and borrowings taken by small and medium businesses this week, a top official said yesterday pledging to provide relief in the coming months.

REUTERS: Shares closed weaker for third straight session on Friday, weighed down by foreign sell-offs and profit-taking, while the rupee ended firmer.

Sri Lanka’s printing sector is now not only aiming to become the print hub of Asia but it also poised to launch a three pronged strategy to achieve the status of the Lankan printer’s version of ‘Green Valley’ promoting sustainability.

Ability to carry out domestic banking business in SL cancelled from 1 April

New rackets of raising money via various financial instruments are now in operation countrywide misleading the public, Central Bank warned.

Markets in Sri Lanka surged after a long spell and people were delighted by the new tax breaks announced by the government but the move worried economic experts owing to a drop in tax revenue and cash inflows.

The Central Bank will be introducing a new scoring system for the Credit Information Bureau (CRIB).

සුළු අපනයන බෝග වගාකරුවන් සහ සුළු හා මධ්‍ය පරිමාණ කර්මාන්ත කරුවන් ආරක්ෂා කිරීමේ සහ දිරි දීමේ අරමුණින් අයිතම කිහිපයක ආනයන නියාමණය කිරීමට නව නියමයන් පනවා තිබෙනවා. ඒ අනුව ගම්මිරිස්, කරුංකා, සියඹලා සහ කුරුඳු ආනයනය තහනම් වනු ඇති. සාදික්කා, වසාවාසී, කරදමුරුගු, ඉගුරු, කහ සහා කාරඹුනැටිද ආනයනය තහනම් වන බවයි මුදල්, ආර්ථික හා ප්‍රතිපත්ති සංවර්ධන අමාත්‍යංශය පැවසුවේ.

පසුගිය නොවැම්බර් 20 දක්වා සතිය තුළ විදෙස් ආයෝජකයන් මිලදී ගෙන ඇති බැඳුම්කර වටිනාකම රුපියල් බිලියන 4.2කි. මේ අනුව මුළු තොගය රුපියල් බිලියන 120.8ක් දක්වා ඉහළ ගොස් ඇති බව නිල දත්ත පෙන්වා දෙයි.

The new interim government has decided to abolish much debated fuel pricing formula almost eleven months after its introduction by the previous regime heeding one of the conditions of the International Monetary Fund (IMF) in approving its US$ 1.5 billion Extended Fund Facility .

Celebrating the momentous occasion of adding 269 hectares to the land of Sri Lanka as a valuable extension to the Colombo Central Business District, a commemorative stamp and first day cover is to be issued under the patronage of Prime Minister Mahinda Rajapaksa and Chinese Ambassador to Sri Lanka Cheng Xueyuan on 7 December.

Commercial Bank PLC was last night crowned as the winner at CA Sri Lanka’s 55th Annual Report Awards, clinching the coveted “Cyril Gardiner Memorial Trophy” for overall excellence in financial reporting. Hayleys PLC came second, whilst the bronze was shared by Hatton National Bank and LB Finance PLC.

The Kingsbury, one of Sri Lanka’s iconic hotels, opens a brand new chapter in its history on December 7 under a 750 million-rupee revamp of the Colombo property.